Patentable/Patents/US-10395264
US-10395264

Payment account processing which conveys financial transaction data and non financial transaction data

PublishedAugust 27, 2019
Assigneenot available in USPTO data we have
Inventorsnot available in USPTO data we have
Technical Abstract

A payment processing system enables a consumer to purchase items at a merchant using an account provided by an issuer. Financial data related to payment for the purchase are sent by the merchant through an acquirer and a transaction expeditor to the issuer. The issuer responds by determining whether to authorize the purchase and if authorized, sends a notification back to the merchant. The acquirer also issues non-financial data that is conveyed by the transaction expeditor to a recipient connected to the payment processing system. The financial and non-financial data for the same transaction may be sent in separate messages and a technique is provided for matching those messages at the recipient. Different types of non-financial data can be conveyed, such as identification of the items being purchased which the recipient uses to determine whether the consumer should receive a reward under a product purchase incentive program.

Patent Claims

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Patent Metadata

Filing Date

April 28, 2008

Publication Date

August 27, 2019

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Cite as: Patentable. “Payment account processing which conveys financial transaction data and non financial transaction data” (US-10395264). https://patentable.app/patents/US-10395264

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